Entergy Co. (NYSE:ETR) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. lessened its position in shares of Entergy Co. (NYSE:ETR) by 10.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,288 shares of the utilities provider’s stock after selling 401 shares during the quarter. Wrapmanager Inc.’s holdings in Entergy were worth $333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ETR. EverSource Wealth Advisors LLC lifted its position in shares of Entergy by 157.1% in the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 165 shares in the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Entergy during the 3rd quarter worth about $32,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Entergy during the third quarter worth about $32,000. CVA Family Office LLC acquired a new position in shares of Entergy in the fourth quarter valued at approximately $41,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of Entergy during the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays lowered their target price on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Scotiabank decreased their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. KeyCorp boosted their target price on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, BMO Capital Markets increased their price target on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.45.

Insider Activity

In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the transaction, the executive vice president now owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the transaction, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the sale, the insider now directly owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The disclosure for this sale can be found here. Insiders sold 22,729 shares of company stock worth $2,395,315 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Entergy Stock Up 0.6 %

Shares of ETR traded up $0.65 during midday trading on Thursday, reaching $111.48. 1,588,151 shares of the company were exchanged, compared to its average volume of 1,453,891. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. Entergy Co. has a 1-year low of $87.10 and a 1-year high of $111.53. The company has a market cap of $23.81 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 2.01 and a beta of 0.69. The stock has a 50-day moving average price of $104.60 and a 200-day moving average price of $101.51.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The company had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 EPS. Research analysts expect that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.05%. Entergy’s payout ratio is currently 45.34%.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.